Company
ASX:AVL
Australian Vanadium Ltd (ASX:AVL, OTCQB:ATVVF) is a resource company focused on vanadium, seeking to offer investors a unique exposure to all aspects of the vanadium value chain – from resource through to steel and energy storage opportunities. The company is advancing the development of its world-class Australian Vanadium Project at Gabaninthaoject near Meekatharra, which is among the highest-grade vanadium projects in the world. VSUN Energy is AVL’s 100% owned renewable energy and energy storage subsidiary which is focused on developing the Australian market for vanadium flow batteries for long duration energy storage.
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Australian Vanadium is positioned by managing director Vincent Algar to be a leader in the roll-out of vanadium based technologies and applications. The acquisition is a further step in bringing those down-stream processing opportunities to
Australian Vanadium in a landmark deal has sold its first CellCube energy storage system, which is a key step in the company's vertically integrated strategy.
Australian Vanadium Ltd Melbourne Investor Luncheon Presentation
C-Tech is an innovative research and technology company focused on the preparation of vanadium electrolyte for use in Vanadium redox batteries.
AVL has been making significant strides in its vertical integration strategy, and this raising will help the company with vanadium battery market development and sales.
The agreement follows the signing of an MoU with Gildemeister in February 20161, which outlined areas of collaboration on future Vanadium Redox Flow Battery (VRFB) installations and electrolyte production in Australia.
The key agreements signed this week form a key plank of a vertical integration strategy which involves the production of high-purity vanadium electrolyte – a core component of flow batteries.
Vincent Algar, chief executive, Australian Vanadium, said the landmark agreement was a key step forward for the company. “We look forward to actively working on aspects of the Gildemeister memorandum of understanding during 2016.&rdqu
New metallurgical testwork results at Australian Vanadium’s Gabanintha vanadium project in Western Australia have indicated increased potential to lower costs and add revenue to the rapidly developing operation.
